IBOV 173,936.91 ▼ 0.37% IPSA 11,416.39 ▲ 0.42% IPC MEX 66,191.11 ▼ 0.15% MERVAL 3,024,971 — 0.00% COLCAP 2,504.68 ▼ 0.15% BVL PERÚ 60,449.35 ▲ 0.30% USD/BRL5.16▲ 0.25% USD/MXN16.97▲ 0.05% USD/CLP925.84▲ 0.46% USD/COP3,148▲ 1.73% USD/PEN3.34▼ 0.01% USD/ARS1,513▼ 0.12% USD/UYU40.25▲ 1.53% USD/PYG5,905▲ 0.48% USD/BOB11.65▲ 2.81% USD/DOP58.25▲ 0.75% USD/CRC448.38▲ 1.62% USD/GTQ7.63▲ 2.37% USD/HNL26.83▲ 1.77% USD/NIO36.62▲ 0.79% USD/VES789.35▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 1.14% EUR/BRL6.01▲ 0.19% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 173,936.91 ▼ 0.37% IPSA 11,416.39 ▲ 0.42% IPC MEX 66,191.11 ▼ 0.15% MERVAL 3,024,971 — 0.00% COLCAP 2,504.68 ▼ 0.15% BVL PERÚ 60,449.35 ▲ 0.30% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Thursday, August 27, 2026

Opinion: the truth is where the money is

By · February 4, 2023 · 3 min read

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(Opinion) There is a rule: a prominent politician in a country, a former prime minister or head of the central bank is suddenly selected and promoted to the IMF, the president of the Council of Europe, or some other highest office for which everyone in the world has respect.

These are often amazing careers, and one wonders if people have competencies.

That’s what happened with Poland’s Donald Tusk. He did not block the construction of the Northern Stream under Merkel, which would have been in line with the Polish state’s raison d’être at the time.

The favorite child of “Mummy” (Merkel) in Poland became the president of the European Council.

A price for the services rendered to Germany and Gazprom Bank.

The City of London. (Photo internet reproduction)
The City of London. (Photo internet reproduction)
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Now Tusk’s arch-enemies have been ruling Poland for more than 8 years, and Kaczynski’s favorite child, the former head of the state television station Jacek Kurski, suddenly got a job at the World Bank.

His competences? None.

But somehow, the pharmaceutical lobbyists and the financial elites had to show gratitude to him.

For being a right-wing politician in the Covid pandemic, resisting the “right-wing” and “conspiracy-theory” temptation to question the sense of vaccinations by his critical journalists, and scaring all citizens hand in hand with left-liberal media during the pandemic every day.

Equally controversial was the election of Louis de Guindos, Spain’s former economy minister, to the ECB board.

De Guindos was a banker at Lehmann Brothers and, after the fall of the U.S. bank – at Pricewaters Coopers.

Likewise, President Macron and Polish Prime Minister Morawiecki rose from the banks to government circles.

The high offices are a price for faithful service to bankers, not for service to the country’s people.

In the fall of 2014, Jose Manuel Barroso resigned as president of the European Commission after 10 years in office.

He then waited the legally required 18 months before accepting a job offer from Goldman Sachs.

If Barroso cared in the least about the situation of the people of Europe, he would not have taken a job at a bank that helped Greece hide its debt just before it joined the eurozone.

However, it is difficult to expect a man who began his political career in the communist group to care about ordinary people.

Goldman Sachs is unrivaled in this regard.

The institution effectively pushes its employees into positions in the structures of various countries and then takes them over at the end of their tenure.

Sometimes the order is reversed.

This is true, for example, of Mario Draghi, Italian Finance Minister, then CEO of Goldman Sachs, and now President of the European Central Bank.

There are many more well-known politicians with ties to Goldman Sachs.

Before Mario Monti was appointed to head the Italian government (replacing the democratically elected Silvio Berlusconi), he was a senior advisor at Goldman Sachs.

When Greece manipulated its debt just before joining the Eurozone, the head of the National Bank of Greece was Petros Christodoulou, who began his career at Goldman.

Until 2015, Peter Sutherland held the Managing Director of Goldman Sachs International position.

In the 1980s, Sutherland was Attorney General in Ireland. He was later appointed EU Commissioner for Competition.

He was also Ireland’s key representative in the negotiations over the nationalization of the banks and the terms of the country’s bailout package.

This shows that the elites are closely linked to the financial world and that it is not the politicians who rule the world but the masterminds on Wall Street and in the City of London.

Not that this surprises anyone who knows how to read between the lines of mainstream narratives.

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